NOT LISTED FOR SALE

1172 Ridgecrest Ave Kingsport, TN 37665

Lynn Garden Neighborhood

Estimated Value: $268,000 - $591,000

-- Bed
2 Baths
7,821 Sq Ft
$55/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $700,000 $90 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $2,826/month

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Window Unit Cooling System
  • Ross N. Robinson Middle School Rated A
  • Storm Windows
  • Laundry Room

About This Home

As of November 2022

Great investment with built-in income.........10 1 bedroom and 1 2 bedroom units, each with one bath, 4 buildings, paved parking, 2 brick units, 2 vinyl siding units, one unit had full basement for storage, etc, large lot with additional room for other buildings, all city amenities, monthly income...$4500.00, one unit was used by owner, would rent for at least $450,00, (included in the monthly total), included in one unit is a laundry room that has a bath and coin operated washer/dryer.....407 and 408 Luray Place sold with 1172 Ridgecrest

Last Agent to Sell the Property

Frank Marsh

KW Kingsport License #218974 Listed on: 08/24/2022

KW Kingsport

Last Buyer's Agent

Robert Babcock

Southland Realtors, Inc License #218722

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.42 Acre Lot
  • Level Lot
  • Property is in average condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 7,821 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Basement

  • Partial Basement
  • Dirt Floor

Home Security

  • Storm Windows
  • Storm Doors

Schools

  • Roosevelt Elementary School
  • Sevier Middle School
  • Dobyns Bennett High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Baseboard Heating

Community Details

  • 4 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 030h E 001.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Directions: Lynn Garden Drive, right on Walker left on Ridgecrest property on left
  • Prop. Type: Residential Income
  • Year Built: 1958
  • Property Sub Type: Multi-Family
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Duplex, Other
  • New Construction: No
  • Appliances Refrigerators: Yes
  • Excluded From Sale A C Window Units: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Has Basement: Dirt Floor, Partial, See Remarks
  • Flooring: Vinyl, Carpet, Hardwood
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, Storm Door(s)
  • Window Features: Insulated Windows, Single Pane Windows, Storm Window(s)
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes
  • InteriorFeatures:Storm Door(s): Yes
  • Basement:Dirt Floor: Yes
  • Basement:Partial: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • Lot Features: Sloped, Level
  • Acres: 0.42
  • Construction Type: Brick, Vinyl Siding, Other
  • Foundation Details: Block
  • Window Features:Insulated Windows: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Storm Window(s): Yes

Garage/Parking

  • Parking Features: Asphalt, Parking Spaces
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Other, Heat Pump, Electric, Baseboard
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Other12: Yes

Schools

  • Elementary School: Roosevelt
  • High School: Dobyns Bennett
  • Middle Or Junior School: Sevier

Lot Info

  • Zoning: R1B
  • Lot Dimensions: 125x235,78,311,116
  • Lot Size Sq Ft: 18295.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 030h E 001.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Nov 1, 2022
Sold by
Salyer Randall L
Bought by
Bz Holdings Llc
Seller's Agent
Frank Marsh
KW Kingsport
Buyer's Agent
Robert Babcock
Southland Realtors, Inc
List Price
$475,000
Sold Price
$700,000
Premium/Discount to List
$225,000
47.37%
Total Days on Market
0
Current Estimated Value
$432,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$268,000
Avg. Annual Appreciation
-20.17%
Original Mortgage
$595,000
Outstanding Balance
$558,787
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$169,120

Purchase Details

Closed on
Jun 26, 2003
Sold by
Mays Residuary Trust
Bought by
Paul Salyer and Paul Betty S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bz Holdings Llc $700,000 --
Paul Salyer $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bz Holdings Llc $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $700,000 +47.4% $90 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $475,000 -- $61 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $109,160 $13,240 $95,920
2023 $4,808 $109,160 $13,240 $95,920
2022 $4,808 $109,160 $13,240 $95,920
2021 $4,677 $109,160 $13,240 $95,920
2020 $2,522 $109,160 $13,240 $95,920
2019 $4,547 $98,120 $13,240 $84,880
2018 $4,440 $98,120 $13,240 $84,880
2017 $4,440 $98,120 $13,240 $84,880
2016 $4,071 $87,640 $13,240 $74,400
2014 -- $87,927 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Frank Marsh

    Seller's Agent in 2022

    Frank Marsh

    KW Kingsport

    (423) 340-2228

    5 in this area

    131 Total Sales

    Frank Marsh
    Section Image

  • R

    Buyer's Agent in 2022

    Robert Babcock

    Southland Realtors, Inc

  • C

    Buyer's Agent in 2022

    CAROLYN BUCKNER

    GLORIA SUTTON, REALTORS

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9942570

Tennessee/Virginia Regional MLS

APN: 030H-E-001.00

Tennessee Sullivan County Kingsport 37660 Lynn Garden

1172 Ridgecrest Ave, Kingsport, TN

This home is located at 1172 Ridgecrest Ave, Kingsport, TN 37665 since 24 August 2022 and is currently estimated at $432,000, approximately $55 per square foot. This property was built in 1958. 1172 Ridgecrest Ave is a home located in Sullivan County with nearby schools including John F. Kennedy Elementary School, Ross N. Robinson Middle School, and Dobyns-Bennett High School.

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